eLearning is the second most important training method within organisations, with companies increasingly moving towards blended learning, rather than purely
instructor led training sessions. The main business driver for eLearning is cost, with an estimated 85% of every pound spent on classroom training, spent delivering it. Learn more about calculating the ROI of eLearning.
6. 1. Reduce the learning solution costs
2. Increase the benefit derived from the learning
solution
Two ways to positively impact ROI
7. You have twenty people scheduled to attend a two day course in an internal
training room. The opportunity cost for each learner (i.e. wages, cost of
temporary replacements, loss of productivity) is £250 per day. The eLearning
course can be completed in one day due to reduced time and no travelling.
Example 1
8. Example 1 result
In this scenario, a switch
to eLearning can provide
significant savings of
£9,500 (55%). And if the
course would benefit
others, subsequent costs
would be loss of
productivity only.
9. Example 2
If a company averages fifty ‘new starters’ per year
and the entire induction process takes
approximately one day (8 hours) at £250 per
employee. The savings escalate further as the
eLearning course can be completed in 2 hours.
10. Example 2 result
This saving of £14,650 (64%) can
represent an annual ongoing saving
when introducing eLearning.
11. For more information download free ‘Calculating the ROI of eLearning’ whitepaper.